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21 Jul 2012

Price payable by sugar mills

The Cabinet Committee on Economic Affairs has approved the Fair and Remunerative Price of sugarcane payable by sugar mills for 2012-13 sugar season to be fixed at Rs.170/- per quintal linked to a basic recovery rate of 9.5% subject to a premium of Rs.1.79 per quintal for every 0.1 percentage point increase in recovery above that level.This will ensure a guaranteed price to cane growers and will be uniformly applicable all over the country